"The biggest beneficiary of the ongoing AI boom, Nvidia has become the first public company to pass the $5 trillion market cap milestone. The company's shares rose more than 5.6% on Wednesday to as much as $212.19, on the back of news on Wednesday that U.S. President Donald Trump said he expects to discuss the company's Blackwell chips with Chinese President Xi Jinping on Thursday."
"Investors are also likely stoked by Nvidia CEO Jensen Huang's comments on Tuesday that the company expects $500 billion in AI chip sales, and that it is building seven new supercomputers for the U.S. in areas like security, energy, and science that will require thousands of Nvidia GPUs. The company on Tuesday also said it had invested $1 billion in Nokia and would use some of its products to "enable communication service providers to launch AI-native 5G-Advanced and 6G networks on NVIDIA platforms.""
"Its stock has surged more than 50% so far this year, buoyed by seemingly insatiable demand for its graphics processing units (GPU), which are being used widely in data centers for training large language models, inference, and more. Nvidia's GPUs are valuable because they're scarce - and by trading them directly into an ever-inflating data center scheme, Nvidia is making sure they stay that way."
Nvidia reached a $5 trillion market capitalization as its shares jumped following reports that U.S. President Donald Trump expects to discuss Nvidia's Blackwell chips with Chinese President Xi Jinping. The company forecasts $500 billion in AI chip sales and is building seven supercomputers for U.S. security, energy, and science needs that will require thousands of Nvidia GPUs. Nvidia invested $1 billion in Nokia to support AI-native 5G-Advanced and 6G network launches on NVIDIA platforms. The stock has risen over 50% year-to-date amid scarce GPU supply and strong demand from data centers and AI model development, and Nvidia announced up to $100 billion in investment in OpenAI.
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